Summarised financial information

Group – Statement of cash flows

For the year ended 31 December

Figures in million (US dollars) 2014 2013 2012
Cash flows from operating activities      
Receipts from customers 5,351 5,709 6,523
Payments to suppliers and employees (3,978) (4,317) (4,173)
Cash generated from operations 1,373 1,392 2,350
Dividends received from joint ventures 18 72
Taxation refund 41 23 54
Taxation paid (194) (187) (507)
Net cash inflow from operating activities 1,220 1,246 1,969

Cash flows from investing activities
     
Capital expenditure      
– project capital (289) (594) (779)
– stay-in-business capital (724) (907) (1,146)
Interest capitalised and paid (1) (5) (12)
Expenditure on intangible assets (5) (68) (79)
Proceeds from disposal of tangible assets 31 10 5
Other investments acquired (79) (91) (97)
Proceeds from disposal of other investments 73 81 86
Investments in associates and joint ventures (65) (472) (349)
Proceeds from disposal of associates and joint ventures 6 20
Loans advanced to associates and joint ventures (56) (41) (65)
Loans repaid by associates and joint ventures 20 33 1
Dividends received 5 7
Proceeds from disposal of subsidiary 105 2 6
Cash in subsidiary acquired 5
Cash in subsidiary disposed (31)
Cash balances in assets held for sale 2 (2)
Acquisition of subsidiary and loan (335)
Decrease (increase) in cash restricted for use 24 (20) (3)
Interest received 21 23 36
Loans advanced (45)
Net cash outflow from investing activities (943) (2,040) (2,775)

Cash flows from financing activities
     
Proceeds from issue of share capital 2
Proceeds from borrowings 611 2,344 1,432
Repayment of borrowings (761) (1,486) (217)
Finance costs paid (245) (200) (145)
Acquisition of non-controlling interest (215)
Revolving credit facility and bond transaction costs (9) (36) (30)
Dividends paid (17) (62) (236)
Net cash (outflow) inflow from financing activities (421) 560 591
Net decrease in cash and cash equivalents (144) (234) (215)
Translation (16) (30) (5)
Cash and cash equivalents at beginning of year 628 892 1,112
Cash and cash equivalents at end of year(1) 468 628 892
  1. (1) The cash and cash equivalents balance at 31 December 2013 includes a bank overdraft included in a statement of financial position as part of current liabilities of $20m.
Statement of financial position Statement of changes in equity